Assenagon Asset Management S.A. Has $3.41 Million Holdings in Univest Financial Co. (NASDAQ:UVSP)

Assenagon Asset Management S.A. lessened its holdings in Univest Financial Co. (NASDAQ:UVSP - Free Report) by 49.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,529 shares of the financial services provider's stock after selling 112,792 shares during the period. Assenagon Asset Management S.A. owned approximately 0.40% of Univest Financial worth $3,409,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Univest Financial in the third quarter valued at $25,000. International Assets Investment Management LLC grew its holdings in shares of Univest Financial by 2,713.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,463 shares of the financial services provider's stock worth $41,000 after purchasing an additional 1,411 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Univest Financial during the third quarter worth about $79,000. CWM LLC increased its holdings in shares of Univest Financial by 66.1% during the third quarter. CWM LLC now owns 6,196 shares of the financial services provider's stock worth $174,000 after buying an additional 2,465 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Univest Financial during the third quarter worth approximately $209,000. Institutional investors and hedge funds own 75.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Univest Financial from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th.

Univest Financial Price Performance

Shares of Univest Financial stock traded down $0.20 during trading on Wednesday, reaching $29.95. The company's stock had a trading volume of 139,797 shares, compared to its average volume of 80,598. Univest Financial Co. has a one year low of $18.41 and a one year high of $32.75. The stock has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $28.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $869.75 million, a P/E ratio of 12.03 and a beta of 0.89.

Univest Financial (NASDAQ:UVSP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.08. Univest Financial had a net margin of 14.90% and a return on equity of 8.24%. As a group, sell-side analysts anticipate that Univest Financial Co. will post 2.43 EPS for the current fiscal year.

Univest Financial Profile

Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co that provides banking products and services primarily in the United States. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment offers a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations.